GraniteShares submits application for 2x leveraged ETF of US stock crypto company
According to Crypto.news, GraniteShares, an asset management company based in New York with over 10 billion USD in AUM, has submitted an application for a 2x leveraged ETF of US-listed crypto companies. The constituent stocks include crypto-related companies such as Riot Platforms, Marathon Digital, MicroStrategy and Robinhood.
These funds will go long and short at the same time. The 2x leveraged ETF will generate twice the daily returns of the corresponding stocks. Marathon Digital and Riot are two of the largest Bitcoin mining enterprises and are also the third and second largest Bitcoin holders respectively, with 44,394 and 17,429 Bitcoins on their balance sheets respectively. MicroStrategy holds the most Bitcoins at 439,000 while Robinhood is one of the main platforms for cryptocurrency and stock investment in America.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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